No it isn't. It doesn't matter how real the technology is. The bubble will still pop, because when a technology is seen as revolutionary, you get rampant overinvestment. And only a fraction of those investments will pay off(or, indeed, none, in the case where frontier labs are eventually made irrelevant by open models, which seems very likely to me).

The internet and web were revolutionary, no one can deny that. They completely transformed our society. Nevertheless, the bubble popped. The current bubble is no different.